It's a very nice gun. I've been impressed with the 6 or so newest Colts I've handled. Much nicer finish than before. Also, compared to the Springfield MilSpec, there's a lot to like about this gun. For one, the finish is georgous - brushed flats and lightly blasted rounds. The grips are about a $40 option but I happened to get these for free when I pointed out that one of the grips was nicked a bit. The fit of the gun overall is the best I've seen from Colt in quite a while. I'm not big into the tighter is better mentality but the initial impression of a fairly tight gun that cycles smoothly is one of quality and this is such a gun. The front sight also fills up more of the rear notch which should aid in slow timed fire. I tend to like such sights.
I may look into getting a matching Commander. All my 1911s are full size guns and I think it's now time to branch out.
Lastly, I bought this gun to have built into a custom gun at some point. For now, I'll probably just switch out the trigger and be happy. I just hate how Colt always puts triggers that are about two feet long in their basic guns.